IEX is the fair, simple, and transparent stock exchange that believes every investor is entitled to the same right to trade on equal terms on every trade. The SEC recently approved IEX as a registered national securities exchange—as the first new U.S. exchange in more than six years, IEX is on a mission to level the playing field, eliminating unfair advantages from the markets. IEX is an exchange that believes markets should reward smarter—not faster.